This property looks like a bad Mid-Term investment with a projected -5.8% first-year return on $88,350 initial cash invested.
-5.8%
Cash On Cash
5.34%
Cap Rate
0.82
DSCR
$2,600
Rent
-$427
Cashflow
Cash Flow
$2,600 income − $3,027 expenses = $427 out of pocket
Investment Breakdown
|
Purchase Price
$335k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$88,350
Downpayment
20%
$67,000
Closing costs
1%
$3,350
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,600
Total Expenses
$3,027
Mortgage P&I
70%
$1,815
Property Taxes
8%
$207
Home Insurance
4%
$111
HOA
0%
$10
Property Management
12%
$312
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$286